ZENITH International Journal of Business Economics & Management Research
Year : 2018, Volume : 8, Issue : 2
First page : ( 236) Last page : ( 244)
Online ISSN : 2249-8826.

Relationship between mutual funds and nifty returns

Ms. Kumar Parul*, Ms. Gupta Pragati**, Ms. Sharma Samriti**, Ms. Jain Ridhi**

*Assistant Professor, Maharaja Agrasen Institute of Management Studies

**B.COM(H)-Final Year Student, Vivekananda Institute of Professional Studies, Delhi

Online published on 13 February, 2018.

Abstract

The study is conducted to analyze the impact of Mutual funds on the nifty returns. Regression analysis has been used to analyze the same on mutual fund gross purchases, sales, and net investment. Results suggested that mutual funds not be the only class of investors which majorly impact the nifty returns. There are other variables also which has a significant impact on the returns as the present R-square is very low. Gross Purchase and Gross Sales have significant negative impact on the nifty returns. On the other hand, Net investment of mutual fund is insignificant in impacting nifty returns. Nifty returns are significantly impacted by its previous two days returns along with the previous day gross purchases.

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Keywords

ARIMA, Lagged Returns, Gross purchase, Gross sales.

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